https://www.taxtmi.com/caselaws?id=190514 Rule 57R(2) of the Central Excise Rules was applied to protect Modvat credit on capital goods used in manufacturing intermediate products that were captively consumed in making dutiable final products. The presence of intermediate goods did not break the credit chain, and the later inclusion or specification of those intermediates in the credit framework was treated as confirmatory rather than as creating the entitlement for the first time. Modvat credit on the capital goods was therefore admissible and could not be denied where the final product remained dutiable. en-us Thu, 01 Jan 2004 00:00:00 +0530 Fri, 17 Feb 2017 18:44:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190514 Rule 57R(2) of the Central Excise Rules was applied to protect Modvat credit on capital goods used in manufacturing intermediate products that were captively consumed in making dutiable final products. The presence of intermediate goods did not break the credit chain, and the later inclusion or specification of those intermediates in the credit framework was treated as confirmatory rather than as creating the entitlement for the first time. Modvat credit on the capital goods was therefore admissible and could not be denied where the final product remained dutiable. Case-Laws Central Excise Thu, 01 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190514